Housing (Community Development)

HB 5425 amends West Virginia law to clarify how urban renewal authorities and land reuse agencies can acquire property. It specifically allows these agencies to purchase tax-delinquent properties meeting certain criteria (such as being valued under $100,000, vacant for 24+ months, or having municipal liens exceeding back taxes) with priority over other buyers. The bill requires municipalities to provide lists of qualifying properties to agencies and grants them the right to buy these properties by paying outstanding taxes. This directly affects urban renewal authorities, municipalities, and property owners with tax-delinquent properties in redevelopment zones.